Hub Group, Inc. (NASDAQ:HUBG) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET

Company Participants

Dave Yeager - Chief Executive Officer

Phil Yeager - President and Chief Operating Officer

Geoff DeMartino - Chief Financial Officer

Conference Call Participants

Todd Fowler - KeyBanc

Scott Group - Wolfe Research

Tom Wadewitz - UBS

Brian Ossenbeck - JPMorgan

Jon Chappell - Evercore

Bascome Majors - Susquehanna Financial Group

Justin Long - Stephens

Matt Milask - Stifel

David Zazula - Barclays

Operator

Hello and welcome to the Hub Group Second Quarter 2022 Earnings Conference Call. Dave Yeager, Hub’s CEO; Phil Yeager, Hub’s President and Chief Operating Officer; and Geoff DeMartino, Hub’s CFO, are joining me on this call. [Operator Instructions]

Any forward-looking statements made during the course of the call or contained in the release represent the company’s best good faith judgment as to what may happen in the future. Statements that are forward-looking can be identified by the use of words such as believe, expect, anticipate and project and variations of these words. Please review the cautionary statements in the release. In addition, you should refer to the disclosures in the company’s Form 10-K and other SEC filings regarding factors that could cause actual results to differ materially from those projected in these forward-looking statements.

As a reminder, this conference is being recorded. It is now my pleasure to turn the call over to your host, Dave Yeager. You may now begin.

Dave Yeager

Sorry for the inconvenience there, that temporary slowdown. This is Dave. And good afternoon and thank you for participating in Hub Group’s second quarter earnings call. Joining me today are Phil Yeager, Hub’s President and Chief Operating Officer and Geoff DeMartino, Hub’s Chief Financial Officer.

I would like to, first of all, start by congratulating the Hub team for the hard work and focus on delivering excellent service to our customers, while achieving record quarterly revenue and earnings per share. Our intermodal revenue continues to be strong with our non-asset based logistics businesses also showing revenue strength and earnings growth. Over the last 5 years, the Hub has been focused on the strategy of diversification. Today, nearly half of Hub’s revenue is now provided by our non-intermodal businesses. In addition to the synergies created through the acquisition of non-asset-based logistics services, the diversification allows Hub to be more resilient during economic downturns and helps to mitigate the cyclical nature of the transportation market.